Hedge Funds Soar in April: Adapting to Surprises

Hedge funds surged in April, posting their best returns since 2016, following the US-Iran ceasefire. Stock pickers led the charge with over 9% gains, while tech-focused funds soared nearly 19%. Markets also rallied, with the S&P 500 jumping over 10% and the STOXX 600 up nearly 5%. Quick-moving funds thrived, shifting bets fast from March losses, and macro funds who bet against the early oil shock cashed in big. Overall, April demonstrated hedge funds ability to adapt swiftly to surprises in volatile global markets. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2baf3f618b8685ce